AVA Securities Limited, the securities trading arm of AVA Capital PLC, helps clients apply for the Dangote Refinery IPO through SEC-approved channels. Whether you are a first-time investor or an experienced participant in the capital market, this guide walks you through the steps involved, the requirements to note, and how to get started.
Who can apply: Nigerian resident investors, Nigerians in the diaspora, and individual and institutional investors alike can apply, subject to offer terms, with a valid email address, Bank Verification Number (BVN), and Central Securities Clearing System (CSCS) account.
Step 1: Click on the application link and select 'Buy Shares'.
Step 2: Click on 'New customer' if you are registering for the first time. Select 'Nigerian in Nigeria' or 'Diaspora (Abroad)' if you are a Nigerian in the diaspora, and fill in your personal details.
Step 3: After entering your details, specify the number of shares you wish to purchase, then click 'Buy Shares Now'.
Minimum subscription and pricing: the minimum subscription is 10 shares, equivalent to N5,250 at the offer price of N525 per share. Subsequent subscriptions are to be made in multiples of 10 shares.
Key offer details: the offer is being made by Dangote Petroleum Refinery & Petrochemicals FZE, which is bringing 4.1 billion ordinary shares to market at a fixed price of N525 per share. This values the target issue size at approximately N2.1525 trillion, underscoring the sheer scale of the listing.
Investors looking to participate will need to subscribe for a minimum of 10 shares, representing an entry point of N5,250, with any additional shares purchased in multiples of 10. The offer opens on September 14, 2026, and closes on October 13, 2026, giving investors roughly a month to apply.
Once concluded, the shares are expected to be listed on the Main Board of the Nigerian Exchange (NGX), placing the refinery alongside the country's largest publicly traded companies.
Why apply through AVA Securities Limited: AVA Securities Limited has partnered with Payaza, an authorised channel for the Dangote Refinery IPO, to facilitate clients' access to the offer. Through this partnership, clients can complete their registration and application conveniently, with dedicated support from an AVA Relationship Manager throughout the process.
This article is for informational purposes only and does not constitute investment advice or a solicitation to buy securities. Investing in securities carries risk, including the possible loss of capital. Please refer to the official prospectus for full terms and consult your financial adviser before making any investment decision.
